Consolidated Financial Statements of Asa Newco Gmbh for the Stub Period from April 1, 2014 to December 31, 2014
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Asa NewCo GmbH Consolidated financial statements of Asa NewCo GmbH for the stub period from April 1, 2014 to December 31, 2014 Asa NewCo GmbH Consolidated Financial Statements 1. Consolidated income statement ............................................................. 1 2. Consolidated statement of comprehensive income .................................... 3 3. Consolidated balance sheet ................................................................... 4 4. Consolidated statement of changes in equity ........................................... 5 5. Consolidated cash flow statement .......................................................... 6 6. Notes to the consolidated financial statements ......................................... 7 6.1. General information and summary of significant accounting policies . 7 6.1.1 General information ................................................................... 7 6.1.2 Basis of preparation .................................................................. 8 6.1.3 Published standards, interpretations and amendments applicable as of April 1, 2014 as well those adopted early on a voluntary basis ......... 9 6.1.4 Issued but not yet applied standards, interpretations and amendments ............................................................................ 9 6.1.5 Scope of consolidation ............................................................. 11 6.1.6 Consolidation principles ............................................................ 11 6.1.7 Presentation and functional currency.......................................... 12 6.1.8 Accounting estimates and judgements ....................................... 13 6.1.9 Significant accounting policies and valuation methods .................. 14 6.2 Acquisition, disposals and discontinued operations ....................... 27 6.2.1 Company acquisitions in the reporting period .............................. 27 6.2.2 Company acquisitions in the prior period .................................... 33 6.2.3 Discontinued operations and non-current assets held for sale and liabilities in connection with assets held for sale .......................... 35 6.3 Notes to the Consolidated Income Statement .............................. 36 6.3.1 Revenue ................................................................................ 36 6.3.2 Cost of sales........................................................................... 36 6.3.3 IT and product service costs ..................................................... 36 6.3.4 Distribution and marketing costs ............................................... 37 6.3.5 General and administrative expenses ......................................... 37 6.3.6 Other operating income ........................................................... 37 6.3.7 Other operating expenses ........................................................ 37 6.3.8 Results from investments accounted for using the equity method ... 38 I Asa NewCo GmbH 6.3.9 Finance income ....................................................................... 38 6.3.10 Finance costs .......................................................................... 38 6.3.11 Income taxes ......................................................................... 39 6.3.12 Earnings per share from discontinued operations ......................... 44 The earnings per share from discontinued operations after taxes in the amount of EUR 1,010 thousand are entirely allocated to FriendScout24; see Section 6.2.3. ......................................................................... 44 6.3.13 Earnings per share .................................................................. 44 6.3.14 Personnel expenses and number of employees ............................ 45 6.4 Notes to the consolidated balance sheet ..................................... 46 6.4.1 Cash and cash equivalents ....................................................... 46 6.4.2 Trade and other receivables ...................................................... 46 6.4.3 Financial assets ...................................................................... 47 6.4.4 Other assets ........................................................................... 48 6.4.5 Intangible assets ..................................................................... 49 6.4.6 Property, plant and equipment .................................................. 52 6.4.7 Investments accounted for using the equity method .................... 53 6.4.8 Trade and other payables ......................................................... 56 6.4.9 Financial liabilities ................................................................... 56 6.4.10 Provisions for other liabilities and charges................................... 59 6.4.11 Other liabilities ....................................................................... 60 6.4.12 Pensions and other post-employment benefit obligations .............. 60 6.4.13 Equity ................................................................................... 64 6.5 Other disclosures .................................................................... 65 6.5.1 Notes to the consolidated cash flow statement ............................ 65 6.5.2 Disclosures on leases and other obligations ................................. 66 6.5.3 Disclosures on financial instruments .......................................... 67 6.5.4 Financial risk management and capital management .................... 74 6.5.5 Related party disclosures ......................................................... 79 6.5.6 Segment information ............................................................... 84 6.5.7 Fees and services of the auditor ................................................ 87 6.5.8 Subsequents events ................................................................ 88 II Asa NewCo GmbH CONSOLIDATED FINANCIAL STATEMENTS 1. Consolidated income statement 04/01/2014 - 11/08/2013 - EUR '000 Note 12/31/2014 03/31/2014 Revenues 6.3.1 262,861 45,161 Cost of sales 6.3.2 - 40,238 - 7,537 Gross profit 222,623 37,624 IT and product service costs 6.3.3 - 35,005 - 5,867 Distribution and marketing costs 6.3.4 - 99,775 - 17,880 General and administrative expenses 6.3.5 - 80,697 - 31,187 Other operating income 6.3.6 1,625 278 Other operating expenses 6.3.7 - 146 - Operating profit 8,625 - 17,032 Loss from investments accounted for using the equity 6.3.8 - 1,905 - 131 method Finance income 6.3.9 455 50 Finance costs 6.3.10 - 29,644 - 4,966 Finance costs - net - 31,094 - 5,047 Loss before income tax - 22,469 - 22,079 Income taxes 6.3.11 1,289 358 Loss from continuing operations - 21,180 - 21,721 Result for the period from discontinued operations 1,010 0 (attributable to owners of the parent) Loss for the period - 20,170 - 21,721 Attributable to: Non-controlling interests - 241 - 87 Owners of the parent - 19,929 - 21,634 Anhangsangaben sind integraler Bestandteil des Abschlusses 1 Asa NewCo GmbH Earnings per share EUR '000 04/01/2014 - 11/08/2013 - Note 12/31/2014 03/31/2014 Basic earnings per share 6.3.13 From continuing operations -120.58 -111.92 From discontinued operations 1.01 0.00 From loss for the period -119.57 -111.92 Diluted earnings per share 6.3.13 From continuing operations -120.58 -111.92 From discontinued operations 1.01 0.00 From loss for the period -119.57 -111.92 Anhangsangaben sind integraler Bestandteil des Abschlusses 2 Asa NewCo GmbH 2. Consolidated statement of comprehensive income 04/01/2014 - 11/08/2013 - EUR '000 12/31/2014 03/31/2014 Loss for the period - 20,170 - 21,721 Items that will not be reclassified subsequently to profit or loss Remeasurement of post-employment benefit obligations, - 238 13 net of tax - 238 13 Items that may be reclassified subsequently to profit or loss Currency translation differences 829 201 Share of currency translation differences from - 267 286 investments accounted for using the equity method 562 487 Other comprehensive income for the period, net of 324 500 tax Total comprehensive losses for the period - 19,846 - 21,221 Attributable to: Non-conrolling interests - 241 - 87 Owners of the parent - 19,605 - 21,134 Total comprehensive losses for the period - 19,846 - 21,221 Total comprehensive losses attributable to equity shareholders arise from: Continuing operations ‐ 20,615 ‐ 21,134 Discontinued operations 1,010 ‐ - 19,605 - 21,134 Anhangsangaben sind integraler Bestandteil des Abschlusses 3 Asa NewCo GmbH 3. Consolidated balance sheet Assets EUR '000 Note 12/31/2014 03/31/2014 Current assets 67,708 104,158 Cash and cash equivalents 6.4.1 21,409 32,225 Trade and other receivables 6.4.2 35,120 30,382 Financial assets 6.4.3 1,919 5,210 Income tax receivables 6.3.11 494 839 Other assets 6.4.4 8,766 11,587 Assets of disposable group classified as held for sale - 23,915 Non-current assets 2,127,383 2, 109,424 Goodwill 6.4.5 783,479 753,970 Trademarks 6.4.5 982,713 971,300 Other intangible assets 6.4.5 294,505 317,439 Property, plant and equipment 6.4.6 17,119 16,122 Investments accounted for using the equity method 6.4.7 38,173 40,344 Financial assets 6.4.3 3,327 945 Deferred tax assets 6.3.11 6,206 7,181 Other assets 6.4.4 1,861 2,123 Total assets 2,195,091 2, 213,582 Equity and liabilities EUR '000 Note 12/31/2014 03/31/2014 Current liabilities 90,178 87,208 Trade and other payables 6.4.8 32,434 31,039 Financial liabilities 6.4.9 1,759 2,825 Provisions for other liabilities and charges 6.4.10 9,090 4,166 Income tax liabilities 6.3.11 14,954 11,388 Other liabilities 6.4.11 31,941 31,575